The Home Depot, Inc. (NYSE:HD) Shares Bought by Lbmc Investment Advisors LLC

Lbmc Investment Advisors LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,648 shares of the home improvement retailer’s stock after purchasing an additional 218 shares during the period. Lbmc Investment Advisors LLC’s holdings in Home Depot were worth $3,099,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HD. Insight Wealth Strategies LLC lifted its holdings in shares of Home Depot by 2.2% during the third quarter. Insight Wealth Strategies LLC now owns 11,594 shares of the home improvement retailer’s stock worth $4,698,000 after purchasing an additional 247 shares during the period. Legacy Private Trust Co. raised its position in Home Depot by 0.5% during the 3rd quarter. Legacy Private Trust Co. now owns 6,902 shares of the home improvement retailer’s stock worth $2,797,000 after buying an additional 36 shares during the last quarter. Marion Wealth Management lifted its stake in Home Depot by 3.7% during the 3rd quarter. Marion Wealth Management now owns 6,437 shares of the home improvement retailer’s stock valued at $2,608,000 after acquiring an additional 230 shares during the period. MBM Wealth Consultants LLC boosted its holdings in shares of Home Depot by 6.2% in the 3rd quarter. MBM Wealth Consultants LLC now owns 4,413 shares of the home improvement retailer’s stock valued at $1,788,000 after acquiring an additional 258 shares during the last quarter. Finally, Financial Synergies Wealth Advisors Inc. acquired a new stake in shares of Home Depot in the third quarter worth $238,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Up 0.8 %

Shares of NYSE HD traded up $3.08 during midday trading on Tuesday, reaching $411.14. 1,188,976 shares of the stock were exchanged, compared to its average volume of 3,380,600. The stock has a market capitalization of $407.69 billion, a P/E ratio of 27.58, a PEG ratio of 2.71 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The company has a 50 day simple moving average of $374.21 and a 200 day simple moving average of $356.13. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $413.82.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter last year, the firm earned $4.65 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. As a group, equities analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.19%. Home Depot’s payout ratio is currently 60.36%.

Analyst Upgrades and Downgrades

Several research firms recently commented on HD. Daiwa America raised Home Depot to a “hold” rating in a report on Thursday, August 15th. JPMorgan Chase & Co. lifted their target price on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Melius Research initiated coverage on shares of Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 price target on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research report on Thursday, September 12th. Finally, UBS Group boosted their price objective on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $398.54.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.